The EBA has been undertaking work in relation to VCs for some time.1 However, further to therequest from European Commission Vice President Dombrovskis for the European SupervisoryAuthorities (ESAs) to carry out additional work to assess the applicability and suitability of currentEU law to crypto-assets, and as outlined in the EBA’s March 2018 FinTech Roadmap, the EBA has carried out an additional analysis, the findings of which are set out in this report.